In his book "Rich Dad, Poor Dad" Robert Kiyosaki explains it perfectly. If you want to be rich, you must follow one principle: "Have more assets than liabilities".
The top men on the planet are already doing it and doing it perfectly: Bill Gates and Warren Buffett are buying properties. Mark Cuban is buying NFTs. Soros is buying Gold. Elon Musk and Cathie Wood are buying Bitcoin (and Twitter).
As you can see, everyone is buying assets of various types, most likely according to their age and notion of money, but they are all buying assets.
Forget about whether one asset is better than another. We at Asymmetric Finance try to have all of them. But there is one type of asset that we like less and less every day: cash. Our grandfather's lifelong advice that a dollar in the bank is a dollar earned is a lie.
Our money will not be worth enough to buy toilet paper in a few years, literally. Commodity prices are at record highs, and inflation is skyrocketing.
We have always wanted to make our portfolio as asymmetric as possible. A small portion in high-risk assets (very OTM options and Crypto), and the rest of the portfolio in more conservative assets: gold, index funds, but above all, cash.
We believe that it is a big mistake to hold cash today. We must think in the long term, and today there are many better alternatives. Very profitable alternatives, and much safer than leaving our money in the bank. Today we present an alternative with a 15% annual return. We believe that 15% is much better than 0%. This without considering having your money in dollars versus having it in euros. Last year, you could have obtained a 25% return with this strategy.
This is what we are doing with all the cash part of our portfolio.